Homes for sale - 663 Magnolia ST NW, Atlanta, GA 30314

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$295,000

Est. payment - /mo

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4,356 Sqft Lot

Active Under Contract

663 Magnolia ST NW Atlanta, GA 30314

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Terence Richardson

terence@richardsonrealestategroup.com +1(678) 785-5275

UPDATED:

12/06/2024 08:05 PM

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Vine City

MLS Listing ID 7493893

Construction Status Resale

HOA Y/N No

Originating Board First Multiple Listing Service

Year Built 1998

Annual Tax Amount $4,168

Tax Year 2024

Lot Size 4,356 Sqft

Acres 0.1

Property Description

Attention Investors! This cash-flowing property boasts a 6.7% cap rate and is perfectly situated in the heart of Historic Vine City, steps from Mercedes-Benz Stadium and close to Atlanta's premier attractions, including HBCUs, Vine City MARTA, Castleberry Hills, Centennial Park, the Georgia Aquarium, Georgia Tech, and the new 16-acre Rodney Cook Sr. Park. With Atlanta's ongoing growth and redevelopment, this low-maintenance investment is primed for success. Currently operating as a Section 8-approved rental, the property features a newer roof, laminate flooring throughout, and low landlord expenses, ensuring easy cash flow with a tenant already in place. Take advantage of the high demand for housing in one of the city's most rapidly evolving neighborhoods. Sold As-Is with tenant in place-please do not disturb the tenant. Don't let this prime investment opportunity pass you by!

Location

State GA

County Fulton

Lake Name None

Interior

Heating Natural Gas

Cooling Central Air

Flooring Laminate, Vinyl, Other

Window Features Insulated Windows

Exterior

Parking Features Parking Lot

Fence None

Community Features Near Beltline, Near Public Transport, Near Schools, Near Shopping, Near Trails/Greenway, Other

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Water Available

Waterfront Description None

View Other

Roof Type Composition,Shingle

Accessibility None

Handicap Access None

Private Pool false

Building

Lot Description Level, Other

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Aluminum Siding,Vinyl Siding

New Construction No

Construction Status Resale

Schools

Elementary Schools M.R. Hollis Innovation Academy

Middle Schools M.R. Hollis Innovation Academy

High Schools Booker T. Washington

Others

Senior Community no

Tax ID 14 011000061653

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Special Listing Condition None

Listed by Berkshire Hathaway HomeServices Georgia Properties